Finance & Economics

Employment prospects improve in US

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The US employers are increasingly willing to hire across regions and industries, unlike in two-thirds of the countries surveyed by temporary-staffing company Manpower Inc.

Rise of yen sees Tokyo take top slot as most expensive city

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Tokyo has emerged as the most costly city for expatriates with the rise of yen against the dollar scaling up the cost of living for staff and firms paid in other currencies, pushing Angolan capital Luanda to the second spot, closely followed by Japan's Osaka, Moscow and Geneva.

SVB scales up UK presence to woo IT companies

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Eyeing tech start-up companies and potential entrepreneurs in the UK, tech-loving Silicon Valley Bank of the US Monday opened its first branch in Britain to offer cash and services to IT companies.

Imports to be given more emphasis in China

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BEIJING China's foreign trade condition continues to be "grim" and the country will put more emphasis on expanding import, said a minister, as a more positive picture emerged of the nation's economy.

Economic woes fail to dampen investments in renewable energy, fuels

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Global investment in renewable energy and fuels rose 17 per cent last year to reach a record $257 billion despite the economic woes besetting major economies, according to the latest United Nations Environment Programme (UNEP) report released Monday.

Belgian chocolatier in expansion mode in China

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NEW YORK Luxury Belgian chocolate maker Godiva is banking on the growing Chinese market for chocolates and plans to double its boutique network in China.

Chinese provinces mull tax reform

China will initiate far-reaching tax reforms in nearly a dozen provinces and cities this year.

Google warned of huge fines if it fails to nix 'dominance in web searches' by July

Google must come up with answers over allegations that it uses its dominance in web searches to promote its own products by early next month or face regulatory intervention, the European Commission has warned.

Ford leaves workers gobsmacked over UK flag ban at work-plants during Euros

Car giant Ford has left hundreds of workers gobsmacked by banning St. George's flags at work, ahead of the country's first match against France in Donetsk, Ukraine, tomorrow.

Chinese oil prices start to slide

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